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Safe as houses? How COVID-19 will hit home buyers and builders

Press coverage 17 May 2020 Summary of published coverage
Safe as houses? How COVID-19 will hit home buyers and builders

Major lenders and academics warned the pandemic would weigh on housing, with the Commonwealth Bank nominating an 11 per cent fall to March 2023 as its base case and declines near 32 per cent in a prolonged downturn. CoreLogic’s Eliza Owen said rents and sales volumes would take the earliest hit, with vacancies tripling in high density pockets of Sydney and Melbourne. PIPA chairman Ben Kingsley expected listings to lift from September.

Reported by

Jennifer Duke, The Sydney Morning Herald, 17 May 2020

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